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How to Create Business Goals for the New Year

By Small Business Advice

If you thought that New Year’s resolutions were just about getting fitter and healthier, then you should think again. Every January, in fact, many business people decide to set themselves some short, mid, or long-term business goals. The secret to success? It’s sticking to those business goals for the remaining 11 months of the year. This, though, is often easier said than done. Here’s how you can succeed at setting financial goals that are realistic and achievable, and that can take your…

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Looking Forward: Tax Tips for 2022

By Uncategorized

It never hurts to start planning ahead, especially when financial matters are involved. How often have you had to gather information at the last minute before your taxes are due? Have you ever ended up paying more in taxes than you truly needed to? These professional tax tips for 2022 will help you to get prepared, lower your taxes and avoid any penalties. Ensure You Have an ID.me Account From the summer of 2022, all taxpayers will need an ID.me account in…

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How Can a Professional Accountant Help Your Small Business?

By Small Business Advice

Many small business owners may not be aware of the tasks performed by a professional accountant and how they can help your business flourish in the market. The vast array of roles and responsibilities performed by a professional accountant influences business operations in various sectors including, not-for-profit organizations, the public sector, academia, and regulatory bodies. The primary role of CPAs is to safeguard the integrity of financial reporting, but they also contribute to the progress and stability of society in general…

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Charitable Giving: Does a Donor Advised Fund Make Sense for You?

Charitable Giving: Does a Donor Advised Fund Make Sense for You?

By Accounting Advice

I believe we all have a duty to leave this world a better place than we found it and therefore we have an obligation to help those less fortunate than us.  However, my experience has been that the more we donate to those great causes, the more solicitations and phone calls we get.  Some are great causes, some are not, but the reality is that many charities sell or share their donor list with other charities.  Unfortunately, the end result…

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Doerhoff Accounting and Financial Services Use Quickbooks

Why Your Small Business Should Use Quickbooks

By Accounting Advice

If you’re a small business owner, staying on top of your bookkeeping can be a huge hassle. There are also financial and legal consequences should you make mistakes. If you operate a small business, you should use Quickbooks! Here’s why:   It’s Easy To Use Because Quickbooks has been around for such a long time, they’ve had a lot of time to fine-tune it. This means that the end-user experience is about as simple as it could be. Menus and options…

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Doerhoff Accounting Holiday Business Expenses, Tax Advice

‘Tis the Season: 3 Strategic Tax Tips for Holiday Business Expenses

By Accounting Advice, Small Business Advice

‘Tis the season to wrap up the year while still keeping in mind your holiday business expenses. You don’t have to be a Scrooge; there are some ways to enjoy the holiday season while still getting the most out of it. It can become challenging to know what should be considered a business deduction when it comes to holiday expenses, but that’s where we come into play. Keep on reading below to find out about holiday business expenses for taxes! 1….

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personal guarantee business loan

How Do Personal Guarantees Work When Taking a Business Loan?

By Small Business Advice

Lenders allow small businesses to borrow large sums of money in order to promote their businesses. Small business owners require additional means of assurance for lenders to approve their business loans.   Typically, a lender is likely to establish a line of business credit once they receive personal guarantees from business owners or executives. Signatures from these leaders in a business shift the business liability to the signatory.   Keep reading to learn more about how you can secure your…

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